Virtual currency prices plummet
in the current situation, blockchain is not a mature technology. What the market values is the so-called prospect, and it will take time to improve and excavate it slowly. However, the collapse of virtual currency is just a return to its own value
in short, I think bitcoin will continue to grow slowly after falling below a certain price. The current slump is just that the funds attracted by the previous heat have discovered the characteristics of virtual currency (hacker attack, dealer trading, these two situations will probably only appear in the newly issued currency, which is determined by the characteristics of blockchain, in other words, Hackers may also attack bitcoin in the early stage, but the more people and nodes bitcoin enters, the lower the probability of this situation, and the more difficult it is to generate)
in addition, I think that a large number of people in China even don't know what bitcoin is, so they are ready to make a fortune with money.
the price of bitcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin rises; As demand decreases, prices fall. At present, only a few bitcoins are in circulation, and new bitcoins are issued at a predictable rate of graal decline, which means that demand must follow this inflation level in order to maintain price stability. Compared with the market scale it may become, bitcoin is still a relatively small market at present. It does not need a lot of money to make the market price fluctuate up and down. Therefore, the price of bitcoin is still very unstable.
On April 18, it was reported that the price of bitcoin had soared for a time, once exceeding US $64000. Today, bitcoin suddenly plummeted, once falling by more than 15%, the price fell below US $52000 / piece
for the sudden collapse of bitcoin, some analysts in the instry believe that it may be affected by the latest news that the US Treasury Department has accused several financial institutions of using cryptocurrency to launder money
affected by the sharp fall of bitcoin, other digital currencies have declined to varying degrees. Ethereum plummeted 20%, coin an plummeted 17%, reborn plummeted 26%, and even Musk's favorite dog coin plummeted 19%
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experts said that the slump is a normal phenomenon:
"in fact, the slump of bitcoin is just a normal phenomenon in the market." First of all, bitcoin itself is a kind of high-risk emerging asset, and its daily price fluctuates a lot, and it is often prone to sudden rise and fall, Li William, chief researcher of Ouyi okex Research Institute, told reporters. Secondly, from an empirical point of view, the withdrawal in the bitcoin bull market is about 33% - 66% of the basic trend direction, lasting for a week or several weeks
according to him, even though bitcoin has entered a bull market since January 2021, with a cumulative increase of nearly 2 times, it often falls sharply, with the biggest daily drop of more than $5000 for at least 7 days, and the biggest daily drop of more than $10000 for two consecutive days on February 22 and February 23
William Lee further said, "from the fundamental point of view, this round of bitcoin slump also has regulatory impact. On Friday, Turkey's central bank banned the use of cryptocurrency and cryptoassets for payments, citing possible "irreparable" damage and trading risks. Shortly after the news, bitcoin fell about 4%. For investors who have entered the market early and hold a large number of bitcoin chips, they have made a lot of profits at this time. In the case of unclear supervision in the future, it may be the best time to choose to sell bitcoin and leave the market, which triggered a subsequent slump. "
changes in regulatory policies and investor sentiment in fact, ring this period, the price of virtual currency rose to a certain extent through the listing of coinbase, but unfortunately, the rising market did not last long. The prices of many cryptocurrencies, including bitcoin, fell sharply, with the highest decline of nearly 30%. Some media have pointed out that there are two reasons for the sharp drop. On the one hand, the US Treasury Department has announced that it will sue some virtual currency platforms, and the changes in regulatory policies have worried investors. On the other hand, it has been reported that after the completion of the listing of coinbase, many employees in the company have begun to cash out, of which the CEO has the most cash out, nearly $300 million
Shib falls sharply, and the risk of buying virtual currency is very high
There is no limit on the rise and fall of virtual currency, which may explode in one day
2 3 virtual currency has graally come into our attention. It has never been recognized, questioned, accepted by some people, and now it's no surprise that virtual currency has gone up or down. For many people, it doesn't feel much, because many people have seen such scenes. Shib falls sharply, and the risk of purchasing virtual currency is very high, because there is no limit on the rise and fall of virtual currency, which leads to the bursting of virtual currency positions in one day. Many people can't accept this risk; Virtual currency is not recognized by any country, which is a huge political risk; The most important thing is that Tesla, which previously supported bitcoin payment, has stopped bitcoin payment, which makes the value of virtual currency fall sharply, which is also a huge risk
Tesla's Musk should be one of the most promising people of bitcoin, because Musk's platform let more people see the charm of virtual currency, but Tesla suspended bitcoin payment, which made the value of bitcoin questioned, That's why virtual currencies have fallen
For these digital currencies, the overall price rise is closely related to the overall international economic situation and the control of bitcoin by various countries{ RRRRR}
and for the current bitcoin market, many speculators have entered the market. Some large capital institutions will make on-site speculation on bitcoin in various ways. When a large number of funds enter the bitcoin market, it will push up the price of the whole bitcoin, but when part of the funds withdraw, It will make the price of bitcoin drop sharply
Recently, the attention of the emerging cryptocurrency, dogcoin, has been on the high side. In this round of sharp decline caused by the cryptocurrency "big market" bitcoin, dogcoin has been falling all the way; It fell to as low as $0.4 a piece and was almost cut off. As for the reasons for the sharp drop of the currency circle, the foreign exchange survey has some opinions:
1, the demand for the currency circle has decreased
under the trend of epidemic spreading, there are fewer transactions around the world, people become more conservative, and the total amount of social consumption is greatly reced. At this time, the transactions settled with bitcoin are greatly reced, the demand is reced, and the price will fall
The risk of price collapse is highaffected by capital speculation, the price of virtual currency has gone up and down, which makes it difficult for ordinary investors to predict and easily lead to position explosion and loss. In history, cryptocurrencies such as bitcoin have suddenly dropped at the peak for more than ten times. Recently, behind the dog coin's crazy rise and then plummeting, is a "leek cutting game" in which the capital tycoons represented by "Musk" reap ordinary investors
3. Virtual currency has no intrinsic value and the risk is very high
virtual currency does not have the function of currency transaction in essence, and it is not recognized by any country in the world. At present, the price of cryptocurrency is rising sharply, mainly e to speculation caused by market speculation. Once countries in the world explicitly deny the value of these virtual currencies that are not controlled by the state, the virtual currency will instantly become worthless, And the virtual currency held by the majority of investors will be completely locked up
although dog coin is now the fourth largest cryptocurrency with a market value of 68 billion US dollars; Second only to bitcoin, Ethereum and coin. It may be the "asset" with the biggest increase in recent years. However, the reason why people can not establish their faith is that the market has not yet reached a certain consensus, and they do not understand what role the dog coin will play in the future. From the perspective of investment, for such cryptocurrencies, which are not practical and mainly rely on financial attributes to tell stories, it is quite worrying to tell the truth
in terms of investment, cryptocurrency is very promising, but please be cautious no blind obedience and no faith in dog money; Dog coin, as musk put it, "is just a fun collection" or "joke."
1. You can ask the local people at the bus stop, or get on the bus and ask the driver, and then look for the bus you want to do
2. You can download a web map, which can be displayed as long as you input the place you want to know
3. It's really no good. You can search their service number and ask, which will be more reliable
hope to adopt. thank you